Jul 27, 2011 5:30pm PDT
in a brazen attack. cell phone safety: to all those minutes add up to health problems for kids? dr. jon lapook reports. and it's a place where wounded warriors learn to hope again. david martin on the closing of walter reed. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> schieffer: good evening, scott's off tonight. i'm bob schieffer. the fallout from washington's inability to find a solution to the budget crisis and raise the debt limit has, apparently, begun. on wall street, the stock market was down for the third day in a row. the dow fell more than 198 point today. for the week, it's down nearly 400 points, and it has lost close to $105 billion in value. some of the bond rating services are now saying that even if congress does reach an agreement on a budget plan, it may be too late to avoid lowering the rating on some american securities. we have three reports tonight on that and what it means for small business and your credit card. and we start with anthony mason. anthony. >> reporter: bob, america's credit rating has never fallen below triple "a,"
Jul 28, 2011 7:00am PDT
negotiation and now it's devolved into jon and kate gosselin fighting over who gets the toaster oven. >> they accused of president obama of hiding in the basement over debt ceiling talks. joe biden accused of president obama of locking him in the basement. stay down there. >> i heard if we don't raise the debt limit, the debt ceiling we could lose our aaa rating. yeah. and i said for the love of god, why doesn't the auto club mind their own damned business. >> i guess that's one benefit to this insanity happening in washington it's so frustrating the american people it is fantastic fodder for late night. >> they got plenty of material. he talks about aaa, they ought to get this settled, drive people to -- this is we're talking seriously -- >> a mess. >> it is. something that's got to get done. i mean that on a searups note. this is affecting a lot of, going to take a lot of people on a lot of levels. the level of frustration has gotten to a point where it's at a fever pitch. let's go d.c., get something done. >> it's politics. >> we will continue to follow it for you, that is the goo